Hyperion Metals Minimal (ASX: HYM) (“Hyperion” or “the Firm”) is happy to announce the appointment of Mr. Todd Hannigan as Executive Chairman of the Company with fast result. Mr. Hannigan joins a top government and advisory group that consists of founder, CEO and Controlling Director, Mr. Anastasios (Taso) Arima.
Mr. Hannigan has over 25 a long time of world wide experience in normal assets as corporation founder, chief executive officer, private money investor and non-govt director. In these direct roles Mr. Hannigan has helped construct numerous billion-greenback organizations in the private and public markets. He is a big shareholder and non-govt director of Piedmont Lithium Constrained (Nasdaq/ASX: PLL).
Executive Chairman, Todd Hannigan, commented:
“Our crew has designed exceptional development on the exploration and evaluation of the Titan task in Tennessee and it is clear that we have a job that is most likely international in scale and high-quality, with critical minerals that could be sustainably generated in the heartland of the Usa. This sturdy foundation offers Hyperion the potential to develop a multi-generational American essential minerals operation focusing on high price titanium mineral sands these as rutile, pseudo-rutile and Hello-Ti ilmenite, as effectively as zircon and scarce earth rich monazite.
Our founder, CEO and Handling Director, Taso Arima, has now launched two useful resource companies well worth extra than 1 billion dollars and Hyperion has the hallmarks of his remarkable insight. Taso experienced the industrial acumen to quickly understand the scale of the larger prospect that is obtainable for very low value, zero carbon titanium metals and powders. There are many impressive industrial tendencies that intersect and present amazing scale to this market place option:
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The United states of america is just about fully reliant on titanium feedstocks and titanium sponge steel imports. As the premier consumer of titanium steel for aerospace, place and protection – this is not a sustainable nor defendable posture for the leading economy of the earth
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The creation of stainless metal and aluminum is extremely carbon intense and creates big quantities of poisonous squander that is usually held in tailings dams, and in some cases disposed of at sea. The world urgently needs minimal-to-zero carbon metals that are light, solid, corrosion free of charge and recyclable – that steel is titanium
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Titanium is the outstanding metallic across a huge variety of higher-overall performance purposes as it provides larger toughness, decreased fat and corrosion resistance traits that exceed practically all metals and alloys. The broad-scale use of titanium in apps that require toughness and small weight – this sort of as electric powered cars – has only been constrained by larger manufacturing costs and
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3D printing, or additive producing, is a know-how innovation that has the probable to disrupt the world-wide producing sector. It provides the opportunity to construct products and solutions with less squander and at a fraction of the cost of standard techniques. This rapidly escalating sector needs lower-to-zero carbon titanium powders to manufacture superior efficiency elements for the aerospace, area, electric powered auto and defense sectors.
The US government funded HAMR know-how has currently demonstrated the disruptive possible to produce very low-to-zero carbon titanium metals and powders with noticeably decrease electrical power usage, reduced expenses and at product qualities that exceed existing industry expectations.
Hyperion’s mission is to make low-to-zero carbon, minimal-value titanium metals and powders with an all-American sustainable and totally traceable source chain. Hyperion aims to make the Usa dominant in small-to-zero carbon titanium metal and powders which will transform the aerospace, place, EV and defense sectors.
We have by now assembled an incredible workforce and with each other we intend to go right after this compelling chance with relentless vitality and dedication. We glance ahead to operating with extensive-phrase shareholders to develop an exceptional, enduring corporation.”
Mr. Hannigan’s present hard cash remuneration will remain unchanged at A$60,000 for every annum. Subject to shareholder approval, Mr. Hannigan will be granted 3,500,000 functionality rights that vest upon the Business reaching a 30-working day VWAP of at the very least A$4.00 for every share, expiring 23 April 2026.
About Hyperion Metals
Hyperion’s mission is to be the primary developer of zero carbon, sustainable, important material offer chains for advanced American industries such as area, aerospace, electrical automobiles, and 3D printing.
The Business retains a 100% fascination in the Titan Task, masking just about 4,000 acres of titanium, unusual earth minerals, substantial quality silica sand and zircon wealthy mineral sands attributes in Tennessee, United states. The Titan Undertaking is strategically found in the southeast of the United states, with very low-value highway, rail and water logistics connecting it to planet class production industries.
Hyperion has secured an option for the unique license to generate very low carbon titanium steel making use of the breakthrough HAMR technology. HAMR was invented by Dr. Z. Zak Fang and his crew at the College of Utah with authorities funding from ARPA-E. The HAMR engineering has shown the probable to generate titanium powders with small-to-zero carbon depth, noticeably decreased strength usage, appreciably reduce cost and at merchandise features which exceed present marketplace specifications.
Hyperion has signed an MOU to set up a partnership with Strength Fuels that aims to make an built-in, all-American rare earths supply chain. The MOU will evaluate the prospective provide of unusual earth minerals from Hyperion’s Titan Project to Electricity Fuels for price included processing at Energy Fuels’ White Mesa Mill. Exceptional earths are very valued as essential resources for magnet generation important for wind turbines, EVs, shopper electronics and armed forces applications.
This announcement has been authorized for launch by the Board of Directors.
Check out source variation on businesswire.com: https://www.businesswire.com/information/property/20210523005023/en/
Contacts
Anastasios (Taso) Arima, CEO and Running Director
+1 347 899 1522
[email protected]
hyperionmetals.us
Dominic Allen, Corporate Progress
+61 468 544 888
[email protected]
hyperionmetals.us
